Gate Launchpad

Crafting Finance is a synthetic asset issuance protocol and contract trading platform based on the Polkadot contract chain. It uses DOT, KSM, BTC, ETH and the CRF issued by the project as collateral, and synthesizes any cryptocurrency or off-chain assets such as stock, bonds and gold through smart contracts and oracles.Users can forge a certain synthetic asset,as we call&nbsp;RAFTs, such as U.S. dollars, by collateralizing DOT, KSM, BTC, ETH or CRF, which automatically becomes a long position in the asset. Users can also convert minted assets into other assets through the trading platform, so as to achieve the purpose of shorting the asset and longing other assets. The assets minted by users are the liabilities corresponding to the entire system. The proportion of each user’s liabilities has been determined at the time of collateral, so that their respective profits can be calculated. Because such a collateral pool model does not require a counterparty, it perfectly solves the problems of liquidity and transaction depth in DEX.The main functional modules of the entire system include: forging synthetic assets(Forge), decentralized exchange (Kingsman), collateral pools, fee pools, oracles, and Polkadot bridge. <h3>Forging Synthetic Assets(Forge)</h3>The synthetic assets issued by the entire system are all produced by users staking certain collateral. The initial collateral includes CRF, DOT, KSM, BTC and ETH, and the collateralization ratio depends on the variation of the collateral itself. In the future, the collateral and collateralization ratio can be adjusted through community governance. When users stake collaterals and forge synthetic assets, corresponding debts are generated. When the user wants to unlock the collateral, he must repay the debt, that is, destroy the previously generated synthetic assets. <h3>RAFTs</h3>At present,&nbsp;RAFTs&nbsp;(assets synthesized by direct staking of collaterals) can be fitted in to four different categories: stablecoins (RaftStable), simple synthetic assets (Raft), custom synthetic assets (UnivRaft), and synthetic bonds (BondRaft).Stablecoins (RaftStable)<ul><li>Stablecoins are a very important part of synthetic assets, such as rUSD and rEuro which can be used as denomination currency in the whole system as well as contract trading. Furthermore, stablecoins can also be used as collateral lending. Users can borrow stablecoins such as rUSD and exchange it into real world dollars.</li></ul>Simple synthetic assets (Raft)<ul><li>Simple synthetic assets can be cryptocurrencies such as rBTC and rETH, stocks such as rAAPL, gold such as rXAU and any real world assets.</li></ul>Custom synthetic assets (UnivRaft)<ul><li>Custom synthetic assets means that users can issue any kind of a financial contract through this system. By this way, we can stimulate any financial derivatives and include the whole world’s assets.</li></ul>Synthetic bonds (BondRaft)<ul><li>Synthetic bonds are synthetic assets paying interest issued by the system.</li></ul> <h3>DEX (Kingsman)</h3>It is an exchange that provides conversion of different synthetic assets and contract trading. Due to the design characteristics of CF, this DEX does not require a counterparty, and there is no issue of transaction depth. <h3>Other components</h3>Collateral Pool<ul><li>The collateral pool is the sum of synthetic assets generated by all users. According to the amounts of synthetic assets generated by each user, the debt pool also records the proportion of each user’s debt. Whenever a new synthetic asset is generated, the debt ratio of the system must be recalculated.</li></ul>Fee Pool<ul><li>Users trading or converting synthetic assets on the DEX will incur transaction fees. The fee ratio is tentatively set at 0.3%, and these fees all enter the fee pool. The fee is collected in rUSD, and all the fees are distributed to users in proportion to the debt. The system stipulates that only users whose collateral is the CRF can receive rewards, as an incentive for CRF holders. Because the CRF price fluctuates, it is stipulated that only users who meet the collateralization ratio are eligible to receive rewards.</li></ul>Oracle<ul><li>Since the price of contract trading needs to be read from outside sources, the oracle is a very critical part of this project. In the initial stage, the system will use the centralized oracles provided by the project team, and in the future, it will introduce more secure decentralized oracles.</li></ul> <h3>Goal</h3>This project will realize a decentralized virtual asset issuance platform and contract trading platform, which can not only replace the perpetual/futures contract functions of major centralized exchanges in the long term, but can even achieve the issuance of any type of assets on the protocol to have a role to play in the traditional financial market. <h3>Advantage</h3>Centralized contract exchanges have exposed more and more problems, and the entire industry needs a solution for decentralized contract exchanges. The project’s decentralized contract trading solution not only has the characteristics of general DEX openness and transparency, anti-censorship, and does not require KYC, but also because there is no counterparty in the project, it perfectly solves the problems of general DEX transaction depth and liquidity. Therefore, we believe that the prospect of this project is very broad and it is a real DEX solution.

Crafting: The first synthetic asset Protocol on Polkadot

Crafting Finance Seed Fundraising Round Announcement

IEO on Gate.io

Liquidity Incentive

Offering

Initial Liquidity

Ecosystem Partners

Marketing

Advisors

Team

Crafting Finance

Crafting Finance is a protocol for forging and trading Rafts, which also supports NFT fractions.

CryptoRank Premium

Add New {name} Alert

Moves above

Moves below

Coin tracking

ATH Reached

change abs

change %

Price Range

Unusual volume

Please connect your account to our Telegram bot to receive notifications

New price alert added

Check your email

We've sent you an email with confirmation link. If you don't have it in your inbox - check your spam box.

CryptoRank App

See CryptoRank with...

You need to click on the button below and start the opened bot

Choose a convenient way to connect your EVM wallet.

Privacy & Terms Agreement

Market Data API

Track your wallet balances, view asset allocations, get real-time price data, and more

Easily manage your assets with our Mobile App

Join and earn by referring new subscribers!

Explore blockchain platforms: ecosystem projects, TVL, and other key metrics

Name

Complete tasks and earn rewards

CryptoRank Spaceships

Please enter your valid email address to proceed with registration.

Sorry, but your {social} account doesn't have an email address.

IDO/ICO analytics: post-listing ROI and launchpad comparisons.

Track project announcements and campaigns. Spot early opportunities so you don’t miss airdrops and rewards.

Exchanges overview: volumes, listings, market share.

Track rounds, stages, and amounts. See investors and fund portfolios.

Monitor DeFi & NFT, positions and P&L. Popular chains and a mobile app supported.

Lite gives core tools ad-free. Premium adds advanced analytics, full tables, and exclusives.

TGE calendar and vesting flow. Analyze unlock volumes and percentages to gauge supply pressure and plan your moves.

Get in touch with us for info about listings, tokens, exchanges, IDOs, or any other promotional inquires

Interested in a partnership?

Improves token ranking and increases exposure.

Visibility Boost

Accelerates momentum and helps stay in trending.

Trending Score Growth

Boost Benefits

Boost visibility, raise the Trending Score, and unlock the Premium Ticker for {symbol}!

Purchasing a Boost does not guarantee a specific ranking or position. CryptoRank makes no representations or guarantees regarding the impact of Boost on asset visibility. All purchases are final and non-refundable.

Want to learn more about Boost? <link>Check out the guide!</link>

Give {name} a {boost}

Subject

The account is suspected of violating CryptoRank.io terms of use. You may continue to use the website except for personal features.

Your account has been suspended

By accessing and using our Site, you confirm that you are at least 18 years old or the legal age of majority in your jurisdiction. Please also ensure you have read and agree to our Terms of Use and Privacy Policy & Cookies Statement

Historical data tab for %name% in USD for download and research

Historical Data for %name% in USD

Crafting FinanceCRF

Historical Data for Crafting Finance